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Usage-Based Insurance: A Real Life Example of Insurance Innovation

The smartest people in insurance are a lot smarter than you and I are. Sorry but it’s true. But, it’s only true today.

Close the email inbox, and let’s join the smart people. They’re making money, having fun, and solving big insurance problems.

How can we get a little bit smarter today? Let’s take a look at what the smartest insurance people are doing. Sometimes, these smart people can’t help themselves and give you a peak at what they’re doing. You get the benefit of all of their hard work for nothing.
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Claims Innovation: How Your Company Can Use Automated Legal Documents for Insurance Claims Defense to Win Big

This article regarding automated legal documents for insurance claims defense was originally featured in Carrier Management.

If this article were a legal document, it might sound like this:

HERETOFORE, legal documents proximately cause a grossly adverse impact on insurance companies, which impact may include but not be limited to, said documents cost exorbitant amounts of money, are not usually a contributing cause of a favorable outcome, and result in direct, indirect, and special damages to insurance companies’s abilities to effectively manage their pending lawsuits.

That’s a brutal read, right? If you could decipher the legalese above, you know that legal documents cause problems much larger than grammar. Hidden in that cryptic legalese are the three biggest problems legal documents cause for insurance companies involved in claims litigation:

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